Stocks rose Thursday as investors bought the dip in Nvidia shares that followed its earnings Wednesday night.
The Dow Jones Industrial Average rose 113 points, or 0.3%. The S&P 500 climbed 0.4%, and the Nasdaq Composite also advanced 0.4%.
Nvidia reported better-than-expected third-quarter results and issued strong guidance Wednesday after the bell. But shares of the AI-chip juggernaut, which are already up more than 190% this year, initially fell in response during the premarket. Some traders cited the chipmaker's slowing revenue growth from previous quarters as cause for concern. Or that the chipmaker didn't exceed the most optimistic estimate in its forecast for the next quarter.
Source : CNBC
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